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For over 8 months, there has been lots of chatter about Apple releasing a budget iPhone. Typically, the iPhone has come with a price tag of $199 and up but within the next couple weeks, people can get their hands on an iPhone with half the price, starting at $99.

The iPhone 5C has the same physical dimensions as the iPhone 5 (and soon to be 5S) but instead of an aluminum body, it’s made with silicon rubber and comes in 5 different colors: white, pink, green, yellow and blue.

Other features include:

4 inch retina display

Lightning connector

A6 chip

Steel-reinforced structure

(Thankfully) a better battery life than the iPhone 5

iSight camera with 3x video zoom

Facetime HD camera

8-megapixel rear camera

Backside illumination

Hybrid IR filter

This new version of the iPhone is geared towards the emerging markets across the world and is expcted to greatly increase the number of smartphone users.

You can get your hands on the 5C September 20th!

What do you think about the colorful, less-expensive but highly coveted new iPhone 5C? Let us know in the comments below!